What's at Stake?
First of all, you need to know that I can help. This is one of the primary reasons I joined Lawyers With Purpose.
I did not like telling people it was too late to help when they, a spouse, or a parent suddenly needed long-term care. After researching to understand this area better, I found that I can provide valuable assistance even if one is already in a nursing home.
Long-term care is expensive, and these costs continue to increase over time. According to the American Association for Long-Term Care Insurance, the annual cost of care will double in the next 20 years, increasing from $73,000 to $131,000.
With improved medical care, the average life span of adults also is increasing; this translates into more years of care at increasingly higher rates. Without some sort of financial assistance, these costs could be financially devastating. In fact, your entire life savings could be quickly depleted within a few years of needing long-term care.
This is where Medicaid can help.
Qualifying for Medicaid is complicated. There are limits to how much income you can earn, how much in asset value you can have and only certain assets are exempt, but even these assets are not always exempt.
As you can see the need is great but the path to receiving Medicaid is not easy. We can help you navigate through the Medicaid Maze.